Scenario 1: Maritime compliance costs are no longer confined to regional regulation. Based on current policy timelines and market assumptions, the industry’s annual compliance bill could rise from around USD 2.7 billion in 2024 to more than USD 57 billion by 2032, with the IMO framework becoming the largest driver of future cost exposure.
The full storyThe Siglar Carbon Efficient Chartering concept helps responsible charterers make significant emissions reductions from their chartering activities.
International shipping emits more than 1 000 million tonnes of CO2e per year, and this number is projected to rise. According to the Fourth IMO Greenhose Gas (GHG) Study, shipping emissions represent 2,89% of the worlds GHG emissions. If the sector were a country, it would rank sixth in the world in terms of emissions.
You have to measure to manage and you have to manage to make efficient emissions reductions. These three steps are fundamental to the Siglar Carbon Efficient Chartering™ concept.
